Park aligns with Govt-NTPC green energy objectives
NTPC Green Energy Limited (NGEL), a wholly owned subsidiary of NTPC Limited https://www.ntpc.co.in/, has signed a Joint venture Agreement with Maharashtra State Power Generation Company Limited (MAHAGENCO), to develop GW-scale renewable energy parks in Maharashtra.
The Park, to be developed in a phased manner, aligns with the green energy https://www.isolaralliance.org/ objectives of NTPC and is another step in the Government’s efforts towards energy transition.
The Joint Venture Agreement was signed at NTPC headquarters in New Delhi on 28 Feb 2024, by Director (Projects), MAHAGENCO, Abhay Harne and CGM (NGEL), V V Sivakumar in the presence of NTPC Limited CMD Gurdeep Singh; MAHAGENCO CMD Dr. P. Anbalagan; Director (Projects), NTPC Limited and Chairman (NGEL), K S Sundaram; CEO (NGEL), Mohit Bhargava; and CEO, NTPC REL, Rajiv Gupta, along with other senior officials from NGEL and MAHAGENCO (see picture).
NTPC is India’s largest integrated power utility with a total installed capacity, including JVs and subsidiaries, of approximately 74 GW https://www.iea.org/.
It has ambitious plans of attaining 60 GW of renewable energy https://mnre.gov.in/ capacity by the year 2032. Currently, it has 3.4 GW of installed RE capacity and more than 22 GW under pipeline.
MAHAGENCO has an installed capacity of about 13,170 MW including 9,540 MW Thermal, 2,580 MW Hydro, 672 MW Gas and 378 MW Solar-based Power Plant capacity. Fiinews.com
